If you have been looking for a way to get more customers to pay their bills on time, then read this blog post.
We will go over what an offer you can’t refuse is and how it can help increase your revenue.
You will also learn about the psychology behind why these strategies are so effective.
A price reduction to customers who pay their bills promptly is called a “price concession.”
It can be as simple as offering your customer money off and more if they are willing to pay now, or it could be an incentive like cash back for prompt payment.
Customers want the best deal available and will often take advantage of any promotional offer being offered by other businesses in order to save money.
If you think that this sounds too good to be true then keep reading!
An Offer You Can’t Refuse.
The Psychology Behind Why These Strategies Are So Effective When psychologists talk about negotiation strategies, one strategy always comes up-the Ultimatum Game (UG).
In the UG two people must decide how much each.